CNH Industrial acquires software engineering specialist NX9

Rhea-AI Summary

CNH Industrial (NYSE: CNHI) has announced the acquisition of NX9, a software suite enhancing its ISOBUS capabilities for agricultural products. This strategic investment aims to innovate and improve the company's precision agriculture offerings, providing greater value to farming customers. The acquisition will integrate ISOBUS technologies across CNH's agriculture product portfolio, facilitating seamless operations and accelerating project development. This initiative aligns with CNH's commitment to digital agriculture and strengthens its existing capabilities in the sector.

Positive

• Acquisition of NX9 enhances ISOBUS capabilities, leading to improved product offerings.
• Strengthens CNH's in-house digital agriculture competencies and product development.
• Facilitates faster market introduction of integrated agricultural solutions.

Negative

• None.

This investment continues to advance the Company’s ISOBUS capabilities for core agriculture products.

London, December 2, 2021

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) announces that it has acquired NX9, a software suite specialized in delivering ISOBUS core technologies and applications for agricultural equipment, and related intellectual property rights. This latest R&D investment builds upon the Company’s strategic impetus to more efficiently innovate and develop products in the precision agriculture space and deliver greater value for its farming customers.

The acquisition marks a further step in consolidating in-house digital agriculture competencies that enrich product, brand, distribution and supply chain strength. It will openly integrate streamlined ISOBUS capabilities across the electrical vehicle architecture of CNH Industrial’s core agriculture product portfolio, predominantly tractors and implements. This will allow for seamless connection and command and control, including for mixed fleets; accelerate in-development projects; and bring in-machine solutions to market faster.

“ISOBUS is a plug and play solution for our customers, and that ease of operation is crucial to our digital agricultural business offering,” said Parag Garg, Chief Digital Officer at CNH Industrial. “We are eager to build upon our existing capabilities and put the NX9 team’s expertise to work, contributing to our overall strategy to benefit and serve our customers and dealers productively and effectively.”

CNH Industrial is an early adopter and vocal advocate of ISOBUS, an industry-standard communication protocol that provides a common language for machines and implements. As a founding and core member of the Agricultural Industry Electronics Foundation (est. 2008), which works to implement international electronic standards and compatibility, the Company has long understood the importance of this technology and supported its role in simplifying and unifying mechanized farming operations.

CNH Industrial N.V. (NYSE: CNHI / MI: CNHI) is a global leader in the capital goods sector with established industrial experience, a wide range of products and a worldwide presence. Each of the individual brands belonging to the Company is a major international force in its specific industrial sector: Case IH, New Holland Agriculture and Steyr for tractors and agricultural machinery; Case and New Holland Construction for earth moving equipment; Iveco for commercial vehicles; Iveco Bus and Heuliez Bus for buses and coaches; Iveco Astra for quarry and construction vehicles; Magirus for firefighting vehicles; Iveco Defence Vehicles for defence and civil protection; and FPT Industrial for engines and transmissions. More information can be found on the corporate website: www.cnhindustrial.com

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Media Contact:

Rebecca Fabian
Tel: +1 312 515 2249
Email: mediarelations@cnhind.com

 

Attachments

• 20211202_CS_CNH_Industrial_NX9
• 20211202_PR_CNH_Industrial_NX9

FAQ

What is CNH Industrial's acquisition of NX9 about?

CNH Industrial acquired NX9 to boost its ISOBUS capabilities in agricultural products, enhancing its digital agriculture offerings.

How will the NX9 acquisition impact CNH Industrial's products?

The acquisition will integrate NX9's ISOBUS technologies into CNH's agricultural portfolio, improving operational efficiency and product innovation.

What are ISOBUS capabilities in agriculture?

ISOBUS is a standardized communication protocol that allows seamless interaction between agricultural machinery and implements, simplifying operations.

When was the NX9 acquisition announced?

The acquisition was announced on December 2, 2021.